The contracts include Dhs287 million worth of work awarded by Al Rajhi Bank to construct facilities in Riyadh.
First-quarter sales volumes will be down by around 40,000 bpd partly due to production issues in the MENA region.
Potential buyers Charterhouse, HgCapital and Pamplona were likely to submit bids 100 million euros under its price tag.
The five-year senior unsecured financing will replace the remaining $2 billion five-year tranche of an original $6 billion loan.
The value of the transaction is seen at around $460 million.
Veteran emerging markets investor Mark Mobius remains bullish on the Middle East region.
Reports claimed Qatar Investment Authority was seeking a consortium for an £8 billion takeover of the British retail store.
Starwood confirms discussions are ongoing as market speculation increases that the striking hotel will soon be converted to a Sheraton
The crescent moon will be seen on July 9, signaling the start of Ramadan the next day. Eid Al Fitr holiday will commence on August 9.
Trade flows between the regions increased by 3.26 per cent in 2012 compared to the previous year.
Etihad’s 40 per cent stake in the airline a year ago has produced a financial turnaround
Emaar made a revenue of Dhs2.5 billion from apartment sales last year, compared to Dhs1.1 billion in 2011.
Naimi’s comments follow recent warnings that weak economic growth could hobble global oil demand this year.
Etisalat is keen on winning the contract to run state-owned Libyan Post, Telecommunication and Information Technology Co.
HSBC’s Saudi Arabian unit, JP Morgan Chase and Samba Financial Group are frontrunners to manage the sukuk sale.
Government spending related to the World Cup will hit almost $115 billion between now and 2022, says new study.
The 100-megawatt, grid connected power plant, Shams 1, will generate clean energy to power 20,000 homes in the UAE.
Ghoneim, who was appointed CEO in June 2012 is the latest STC senior management executive to quit.
Qatar Investment Authority has reportedly approached several large private equity houses to jointly bid for British retailer Marks & Spencer.
Kuwait Oil Company said no one was injured by the gas leak.
Saudi Electric last tapped the international bond market in March 2012 with a $1.75 billion two-part Sukuk.
The Sukuk forms part of a $12.5 billion debt package currently being raised to fund the construction of a $20 billion petrochemical complex.
About 52 per cent of the overall project has been completed so far, say officials.
The central bank has previously backed off from enforcing regulations after complaints from the banks.
The Qatari firm is in talks with around 9-10 banks about committed financing for a bid.
A cross-section of the best print, TV and integrated ad campaigns from across the region.
Sheikh Ali Salman, leader of the Shi’ite-led group al-Wefaq, says he welcomed Crown Prince Salman al-Khalifa’s appointment.
Is the government finally succeeding in persuading a significant number of local citizens to start their own firms?
Abu Dhabi-listed energy company Dana missed repayment of its $920 million sukuk that matured in October last year.
Y&R Dubai bags agency of the year award for the third year in a row.